Phreesia price target raised to $26 from $22 at RBC Capital

RBC Capital analyst Sean Dodge raised the firm’s price target on Phreesia to $26 from $22 but keeps a Sector Perform rating on the shares after its Q3 results and guidance raise. The company’s significant growth investments appear to be generating results with new logos, though there is still little evidence that average revenue-per-provider is stabilizing, the analyst tells investors in a research note.